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Venture funding remains stable in France thanks to AI startups
Alex Dewez, a partner at 20VC, just released its highly anticipated State of the French tech ecosystem report. This is a nice followup to Atomico’s State
The optimistic take is that artificial intelligence represents the next big opportunity for startups, more tech funders choosing to focus on this vertical in particular. As a result of those metrics, France is still the third-largest tech ecosystem in Europe, behind the U.K. and Germany based on total funding amounts. The changing macroeconomic landscape has made it harder to raise growth rounds without a strong financial performance to justify the investment.
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